Revenue Note for Guidance

The content shown on this page is a Note for Guidance produced by the Irish Revenue Commissioners. To view the section of legislation to which the Note for Guidance applies, click the link below:

Revenue Note for Guidance

721 Life policies carrying rights not in money

Where any investments or other assets are transferred from a life assurance company to a policyholder, the policyholder’s acquisition of the assets and the disposal of the assets to the policyholder are deemed to be for a consideration equal to the market value of the assets for the purposes of the Capital Gains Tax Acts and for the purposes of computing income in accordance with Case I or Case IV of Schedule D.

Relevant Date: Finance Act 2018